2012

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Principles for Financial Market Infrastructures

The PFMI is the international standard for payment, clearing and settlement systems, including central counterparties

Replaces three earlier international standards: Core Principles for Systemically Important Payment Systems (2001); Recommendations for Securities Settlement Systems (2001); and Recommendations for Central Counterparties (2004). Strengthens and harmonises those standards by raising minimum requirements, providing more detailed guidance and broadening the scope to cover new risk-management areas and new types of FMIs. Incorporates additional guidance for over-the-counter derivatives, central counterparties and trade repositories. Generally expressed as broad principles due to FMIs' differing organisations, functions and designs, in some cases incorporates specific quantitative minimum requirements to ensure a common base level of risk management across FMIs and countries. Outlines general responsibilities of authorities for FMIs in implementing these standards

Publisher: Global Standard-Setting Bodies Release date: Mar 2012

Type: Standard

Peer: Supervision of Financial Market Infrastructures in Singapore , Capital Requirements for Bank Exposures to Central Counterparties

Topics: Financial market infrastructure

Sectors: Banking, Securities

Peer Review of Supervisory Authorities' Implementation of Stress Testing Principles

BCBS report summarizing how supervisory authorities have implemented the Committee’s 2009 Principles for sound stress testing practices and supervision

Basel Committee on Banking Supervision report finds stress testing has become a key component of supervisory assessment process and a tool for contingency planning and communication. Countries are at varying stages in implementing the principles and further work remains. BCBS will continue to monitor implementation of the principles and determine whether additional guidance is necessary.

Publisher: Global Standard-Setting Bodies Release date: Mar 2012

Type: Consultative, discussion and issues paper

Parent: Principles for Sound Stress Testing Practices and Supervision

Peer: Supervisory and Bank Stress Testing: Range of Practices , Bank Stress Testing Principles

Topics: Stress-testing

Sectors: Banking

Agent Banking in Latin America

AFI paper compares experiences of four countries that have implemented agent banking

Alliance for Financial Inclusion discussion paper provides overview of differences in agent banking models and the possible impact these differences have had on access to and usage of financial services.

Publisher: Others Release date: Mar 2012

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Consumer education and protection, Transparency and disclosure

Sectors: Banking

New Technology-Based Outsourcing Arrangements

OSFI expectations regarding IT outsourcing arrangements

Office of the Superintendent of Financial Institutions of Canada expectations for regulated firms that outsource information technology services. Guides design of an appropriate outsourcing risk management program. Expectations relate in particular to: i) confidentiality, security and separation of property; ii) contingency planning; iii) location of records; iv) access and audit rights; v) subcontracting; and vi) monitoring the material outsourcing arrangements.

Publisher: National Regulators Release date: Feb 2012 Country: Canada

Type: Sound Practice

Peer: Outsourcing of Business Activities, Functions and Processes

Topics: Risk management, Operational risk, Crisis management and contingency planning

Sectors: Banking, Insurance, Pensions

Building a Resilient Financial System

Keynote address by Jaime Caruana, General Manager of the BIS, at the 2012 ADB Financial Sector Forum on "Enhancing Financial Stability - Issues and Challenges"

Key messages are: i) financial stability is about resilience and should be prepared in advance; ii) preserving financial stability involves a wide range of policy areas; iii) a globalized financial system requires global rules; and iv) the end result we want to achieve is a system characterized by less leverage, better liquidity management, sounder incentives, less moral hazard, stronger oversight, and more transparency. The key challenges in carrying forward this agenda are: i) implementing what has been agreed, especially with regard to bank capital; ii) designing the right transition given a still weak recovery; iii) completing the regulatory reform agenda in the areas of liquidity standards, resolution regimes, OTC derivatives, and the shadow banking system; and iv) ensuring sound micro- and macroprudential oversight.

Publisher: International Organizations Release date: Feb 2012

Type: Others

Topics: Macroprudential, Shadow banking, Capital adequacy, Asset classification and provisioning

Sectors: Banking

Progress Report on Increasing the Intensity and Effectiveness of SIFI Supervision

FSB report citing improvements and ongoing weaknesses in SIFI supervisory practices

Financial Stability Board report updating the status of efforts by FSB member jurisdictions to strengthen supervision of Systemically Important Financial Institutions. Notes move in many countries toward more extensive and deeper engagement with SIFIs.

Publisher: Global Standard-Setting Bodies Release date: Jan 2012

Type: Implementation

Parent: Intensity and Effectiveness of SIFI Supervision: Recommendations for Enhanced Supervision

Topics: Risk management, Supervisory framework, Systemically important financial institutions (SIFIs), Crisis management and contingency planning

Sectors: Banking, Insurance, Securities

Women Matter: Making the Breakthrough

McKinsey report benchmarks gender diversity programs in Europe

McKinsey & Company report on research into gender diversity practices of 235 European companies. Research shows that 63% of companies have at least 20 different initiatives in place as part of their gender diversity programs.

Publisher: Others Release date: Jan 2012

Type: Consultative, discussion and issues paper

Topics: Gender equality, Corporate governance

Sectors: Banking, Insurance, Pensions, Securities

High-Level Principles for the Evaluation of Financial Education Programs

OECD/INFE principles stress importance of evaluation

Organisation for Economic Co-operation and Development International Network on Financial Education report sets out high-level principles for the evaluation of financial education programs. Principles are designed to further inform policy makers, financial education program designers and other stakeholders about the importance of evaluation. They relate to the monitoring and evaluation of a wide variety of financial education provisions, from individual courses and seminars to large scale programs and media campaigns.

Publisher: International Organizations Release date: Jan 2012

Type: Consultative, discussion and issues paper

Topics: Consumer education and protection, Financial inclusion

Sectors: Banking, Insurance, Pensions, Securities

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Resources

382 records

Principles for Financial Market Infrastructures

Peer Review of Supervisory Authorities' Implementation of Stress Testing Principles

Agent Banking in Latin America

New Technology-Based Outsourcing Arrangements

Building a Resilient Financial System

Progress Report on Increasing the Intensity and Effectiveness of SIFI Supervision

Women Matter: Making the Breakthrough

High-Level Principles for the Evaluation of Financial Education Programs

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